Aerial view of Cobre Panama’s flotation tanks. (Image by Minera Panamá).
Panama is expected to have all information necessary to make a decision on First Quantum’s (TSX: FM) shuttered copper mine by the end of this year, according to its Minister of Commerce and Industry Julio Moltó.
Speaking with local media this week, Moltó confirmed that the terms of reference for Cobre Panamá’s environmental and comprehensive audit have been consolidated into a single review process. He added that the Ministry of Environment has already selected the firm responsible for conducting the audit, which was slated to begin this month.
“I understand that the company has been defined, and the audit should commence shortly, pending the awarding of the contract and allocation of resources,” he stated in an interview with Panamanian news outlet Telemetro Reporta.
“I estimate that this audit will take four to…
